ROLE OF GLOBLISATION IN TRANSFORMING ECONOMY

Abstract

The developed means of transportation and communication turned the whole world into global village. Due to the process of globalisation, now a days every country is integrated and connected with each other. Globalisation include flows of goods and services across borders, international capital flows, reduction in tariffs and trade barriers, immigration, and the spread of technology and knowledge beyond borders. Globalisation plays a central role in determining the future of the world. It gives a new path to transforming the country into a developed economy. This research paper is an attempt to highlight the globalization as a pathway for transforming the economy.